Coinbase, Apex Group Tokenize Bitcoin Yield Fund

Coinbase Asset Management and Apex Group have partnered to tokenize a Bitcoin Yield Fund on the Base network. This initiative introduces a permissioned on-chain structure, initially targeting non-US institutional and accredited investors. By utilizing Coinbase's Ethereum Layer 2 solution, Base, the partnership aims to streamline access to digital asset investments and enhance liquidity for the fund. This development marks a significant step in integrating traditional finance with decentralized technologies.